__________________________________________________________________________________________ Raceway

Car Wash

Facilities to learn more about the business.“ Raceway was originally started by a private equity company, Clear Sky Capital, which recognized the value in buying depressed assets during the 2008 housing crisis,” Josh opens.“ As multifamily assets became more expensive, the group looked for alternative investments and began exploring the potential returns from car washes. In 2014, the group purchased the first car wash site in Scottsdale, Arizona, shortly followed by additional sites in Mesa and Phoenix.

“ The growth was phenomenal from day one; fast-forward from 2014 to 2025 and we’ re at 45 locations with a very recently purchased site in Southern California, and ongoing conversations about more acquisitions. We’ re certainly not slowing down, but we want to grow at a sustainable rate that allows us to continue to deliver high-quality services and exceed our guests’ expectations.”

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